Aureus Asset Management LLC Makes New $479,000 Investment in Hut 8 Corp. $HUT

Aureus Asset Management LLC purchased a new stake in shares of Hut 8 Corp. (NASDAQ:HUT) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 10,204 shares of the company’s stock, valued at approximately $479,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Hut 8 in the fourth quarter worth about $30,000. Imprint Wealth LLC bought a new position in shares of Hut 8 during the fourth quarter valued at approximately $38,000. Harbor Investment Advisory LLC purchased a new position in Hut 8 during the first quarter valued at approximately $47,000. Activest Wealth Management purchased a new position in Hut 8 during the fourth quarter valued at approximately $49,000. Finally, Danske Bank A S bought a new stake in Hut 8 during the 4th quarter valued at $51,000. 31.75% of the stock is currently owned by institutional investors.

Hut 8 Stock Up 7.1%

HUT stock opened at $117.67 on Friday. The company has a market capitalization of $13.25 billion, a P/E ratio of -39.22 and a beta of 4.62. Hut 8 Corp. has a 12 month low of $18.68 and a 12 month high of $140.80. The firm’s fifty day simple moving average is $111.44 and its 200-day simple moving average is $79.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.86.

Hut 8 (NASDAQ:HUT) last issued its earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($1.65). The business had revenue of $139.31 million for the quarter, compared to analysts’ expectations of $78.53 million. Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%. As a group, equities research analysts forecast that Hut 8 Corp. will post -1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Northland Securities set a $120.00 price target on Hut 8 in a research report on Thursday, May 7th. Compass Point set a $195.00 price target on shares of Hut 8 in a research report on Wednesday. Loop Capital set a $226.00 price target on shares of Hut 8 in a report on Monday, June 22nd. B. Riley Financial lifted their price objective on shares of Hut 8 from $76.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Benchmark boosted their price objective on shares of Hut 8 from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday. Eighteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.10.

Key Headlines Impacting Hut 8

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Benchmark raised its price target on Hut 8 to $195 from $165 and reiterated a buy rating, signaling additional upside after the stock’s recent rally. Benchmark Raises Hut 8 Price Target For Second Time In A Week
• Positive Sentiment: Needham lifted its target to $145 after Hut 8 secured a second Beacon Point AI lease, reinforcing investor confidence in the company’s pivot toward AI data centers. Needham lifts Hut 8 target to $145 after second Beacon Point AI lease
• Positive Sentiment: Benchmark also highlighted Hut 8’s new $9.8 billion AI infrastructure deal, which materially increases contracted capacity and supports the company’s transition from bitcoin mining toward higher-value AI data center operations. Benchmark Raises Hut 8 Price Target After Bitcoin Miner Signs $9.8 Billion AI Data Center Deal
• Positive Sentiment: Rosenblatt Securities initiated or reiterated a Buy rating on Hut 8, adding to the bullish sentiment around the stock. Hut 8 (NASDAQ:HUT) Earns “Buy” Rating from Rosenblatt Securities
• Neutral Sentiment: Investor attention is also being drawn to elevated call-option activity, suggesting traders are positioning for continued volatility around the stock. Investors Buy Large Volume of Call Options on Hut 8 (NASDAQ:HUT)

Insider Buying and Selling

In related news, Director Rick Rickertsen sold 17,491 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total transaction of $1,924,010.00. Following the sale, the director directly owned 17,491 shares of the company’s stock, valued at $1,924,010. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victor Semah sold 10,518 shares of Hut 8 stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $76.83, for a total value of $808,097.94. Following the transaction, the insider owned 41,378 shares of the company’s stock, valued at approximately $3,179,071.74. This represents a 20.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 112,724 shares of company stock worth $12,184,340. Corporate insiders own 10.40% of the company’s stock.

Hut 8 Profile

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.